Gold Price Today: A day after witnessing a marginal hike, gold futures on the Multi-Commodity Exchange (MCX) was down 0.18 per cent or Rs 88 at Rs 49,360 per 10 grams. Silver futures, on the other hand, was trading 0.77 percent lower at Rs 66,784 a kilogram.
Also Read - Gold Price Today 24 February 2021: Gold Rates Rises Up by Rs 490 to Rs 46,950 Per 10 gm. Check Rate in Your City
Yesterday, 24-karat gold futures inched up by 0.12 per cent to Rs 48,960 per 10 grams. Meanwhile, silver prices edged 0.37 per cent higher at Rs 65,674 per kg. Also Read - Ek Biryani Aisa Bhi: Dubai Restaurant's Royal Gold Biryani @ Rs 19,704 Per Plate | See Mouth-Watering Pics
Check the price for 22-karat gold in your city Also Read - Gold, Silver Prices Today: Yellow Metal Climbs to Rs 49,530 Per 10 gm, Silver at Rs 69,200/Kg
In National Capital Delhi, the price for 22-karat gold stands at 48,410, while in Mumbai it slumped to Rs 48,610 according to the Good Returns website.
Speaking to Money Control, Manoj Jain, Director (Head-Commodity & Currency Research) at Prithvi Finmart said that both the precious metals are expected to remain volatile and further weakness in the dollar index could support prices at lower levels.
“On MCX, gold has support at 49,200-48,950 and resistance at 49,750-50,000. Silver has support at 66,800-66,200 and resistance at 68,000-68,500,” Moneycontrol quoted Jain as saying.